Ok, so I couldn't wait :laughing: I just had to try it.
I unplugged the O2 sensor, unscrewed it from the pipe just ahead of the catalytic converter and pulled it out. I think it looks ok. I've attached a pic of the O2 sensor.
Then I took the Ram out onto the roads and highway around my acreage. Wow! It is a very significant performance improvement! Came up to highway speeds quite easily and then cruised comfortably at 100-110 km/h with the accelerator half way down. Punching it actually resulted in the tranny gearing down and real power getting to the rubber! What a unique experience!! :laughing:
I had a board member point out to me in an IM that the O2 sensor hole should probably only be a partial improvement as some exhaust would still be trying to get through the cat converter. I think he is right and hope that means it may even be a little better.
Now of course I did get a check engine light come on since I had removed the O2 sensor, but that should go off once it is replaced.
So what now? Well, I guess I'll order the catalytic converter and a new O2 sensor. I'm a little hesitant to do that install myself, but then I'm getting more comfortable by the moment!
Thanks to all you guys for your advise on this! It's great to have a place to go where the folks in the know don't belittle the folks in the dark

I appreciate it.
I'll be sure to take pics if I take on the install myself and provide an update. Sure hope this is the long term fix!!!